Start fattening your piggy bank6 of 7The same rule that applied when you were five years old still applies today: Save, save, save, even if it's just a few pennies at a time.When you're still getting established in your career, and paying down debt and planning major purchases such as a home or car, saving can be especially difficult.The trick is to set aside that savings into your budget before you get accustomed to spending it every month. Setting up a direct deposit into a 401(k) or emergency savings account will reduce the temptation."If you can begin getting in the habit of saving part of your paycheck, particularly before it ends up in your pocket, it makes it easier to increase that once you get a handle on your student loans," Weiss says. Related Articles:Paying down debt calculatorFree credit reports a reality4 smart ways to tame debt2010 money-saving tipsRelated Links:Why debt management?What debt to pay firstSilly borrowing behaviorsThe simple art of budgeting advertisement
The same rule that applied when you were five years old still applies today: Save, save, save, even if it's just a few pennies at a time.
When you're still getting established in your career, and paying down debt and planning major purchases such as a home or car, saving can be especially difficult.
The trick is to set aside that savings into your budget before you get accustomed to spending it every month. Setting up a direct deposit into a 401(k) or emergency savings account will reduce the temptation.
"If you can begin getting in the habit of saving part of your paycheck, particularly before it ends up in your pocket, it makes it easier to increase that once you get a handle on your student loans," Weiss says.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.